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25 Nov 2008, 9:00 am
Some time ago, Alan Greenspan mentioned the problems arising from lenders incorrectly pricing ABS when they retain no stake in the ABS after sale. [read post]
18 Nov 2008, 1:15 pm
The existing crisis has caused any number of proponents of dergulation to recant, whether Henry Paulson or Alan Greenspan. [read post]
3 Nov 2008, 3:07 pm
Lots of good stuff in this short interview with economist James Galbraith (Texas); an excerpt:Do you find it odd that so few economists foresaw the current credit disaster? [read post]
31 Oct 2008, 6:19 pm
On the latter point, Alan Greenspan's recent testimony before Congress to the effect that he has been in "shocked disbelief" at the failure of his long-held model of how the economy works (unregulated markets will lead to good results) has shown the potentially enormous negative consequences of the economist's default mindset. [read post]
31 Oct 2008, 8:04 am
Earlier this month, the economist Alan Blinder wrote an article in the New York Times, "Got $700 Billion? [read post]
30 Oct 2008, 4:00 am
” Alan Greenspan said recently that this crisis will not go away in the near future; it’s a longer term challenge. [read post]
29 Oct 2008, 7:00 pm
We welcome Alan Greenspan to the position, but note that it took the greatest financial crisis since the Depression to bring him along. [read post]
29 Oct 2008, 12:14 pm
  As Alan Greenspan noted in his testimony last week, this approach has not worked to protect shareholders. [read post]
28 Oct 2008, 9:49 pm
It continued when the testimony of Alan Greenspan, former Chairman of the Federal Reserve, before the same Congressional Committee defended years of regulatory inaction in the face of predatory lending. [read post]
27 Oct 2008, 5:39 pm
The attempts at financial cure by one of disaster's architects, Paulson, have thus far proven to be further ineptitude born of poor thought and panic: the 700 billion dollar bailout is to date a failure that only rescues big business, banks still are not lending though they now are fabulously enriched by government money, huge companies that collapse (though for decades we were assured that in hugeness lies salvation) are being merged so that they will be yet bigger (and next time can take… [read post]
27 Oct 2008, 5:14 pm
  Former oracle Alan Greenspan just said that we have a "once in a century" credit crisis. [read post]
27 Oct 2008, 2:13 pm
See Alan Greenspan's recent comments on this, for example.If you're convinced that US stock returns will be meagre over the next decade, what's the best way to invest? [read post]
27 Oct 2008, 2:46 am
Alan Greenspan: Please pick up a white courtesy telephone. [read post]
24 Oct 2008, 5:00 pm
  As we have noted in other posts today (keying in on Alan Greenspan's testimony), the courts have pursued a model that essentially relies on director self interest to protect shareholders. [read post]
24 Oct 2008, 2:23 pm
Alan Greenspan, the former head of the Federal Reserve Board, testified yesterday before the House Committee of Government Overisght and Reform. [read post]
24 Oct 2008, 11:40 am
Former Fed Reserve Alan Greenspan was grilled by angry Senators and Greenspan said he made a mistake for being too deregulatory. [read post]
24 Oct 2008, 5:23 am
The House Goverment Oversight and Reform Committee received Former Fed Chairman Alan Greenspan's testimony which opened by calling the economic downturn a "tsunami. [read post]
24 Oct 2008, 12:24 am
If you missed Former Fed Chairman Alan Greenspan's incredible admission today, here it is. [read post]